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Markets > IPOs
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GameStop IPO up 12%
graphic February 13, 2002: 11:23 a.m. ET

New issue of largest video game specialty retailer surges on NYSE.
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  • GameStop raises $325M -- Feb. 12, 2002
  • Gamestop IPO in 4Q -- Aug. 23, 2001
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    NEW YORK (CNN/Money) - Video game retailer GameStop Inc. surged nearly 12 percent in its market debut on the New York Stock Exchange Wednesday.

    Shares of GameStop (GME: up $2.10 to $20.10, Research, Estimates) closed at $20.10, for a gain of $2.10.

    Grapevine, Texas, based GameStop, the week's first initial public offering, raised $325 million late Tuesday. The company sold 18.06 million shares at $18 each, the midpoint of its $17-to-$19 price range, through lead underwriter Salomon Smith Barney.

    GameStop, a unit of Barnes & Noble Inc. (BKS: down $0.43 to $31.35, Research, Estimates), is the largest video game specialty retailer in the United States. GameStop also operates stores under the Babbage's, Software Etc. and FuncoLand names but is in the processing of rebranding all stores to GameStop.

    Barnes & Noble announced the GameStop IPO in August and initially planned to launch it in the fourth quarter of 2001. The book retailer bought GameStop in 1999 from a group led by Barnes & Noble CEO Leonard Riggio. graphic

      RELATED STORIES

    GameStop raises $325M -- Feb. 12, 2002

    Gamestop IPO in 4Q -- Aug. 23, 2001





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    Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
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